TA Enterprise Bhd will list its real estate investment trust (REIT) in Singapore by the end of the year with an initial fund size of about RM1.2 billion.

Executive chairman Datin Alicia Tiah said the group is currently working on the listing of its REIT on Singapore Exchange Ltd (SGX).

She said that TA Enterprise has been in discussion with their merchant banks and relevant parties for the listing exercise and hopes to list the REIT by year-end.

“We believe Singapore is the best location for our listing exercise as the Singaporean market provides better valuations. The REITs liste on the SGX are doing very well, and the approval period from the regulators is shorter,” Tiah said.

She added that more properties could be injected into its REIT, but currently the group will include The Radisson Hotel in Sydney, its commercial building in downtown Vancouver in Canada as well as Menara TA One in Kuala Lumpur.